Bumble price target raised to $27 from $22 at Deutsche Bank » 10:4501/3001/30/23
Deutsche Bank analyst…
Deutsche Bank analyst Benjamin Black raised the firm's price target on Bumble to $27 from $22 and keeps a Hold rating on the shares ahead of the Q4 results. While current consensus estimates are projecting a deceleration both on a sequential and year-over-year basis, SensorTower data is suggesting slight acceleration in year-over-year growth of iOS app store revenue across all Bumble apps in the quarter, the analyst tells investors in a research note.
Roper Technologies sees Q1 adjusted EPS $3.80-$3.84, consensus $3.82 07:0001/2701/27/23
Roper Technologies sees FY23 adjusted EPS $15.90-$16.20, consensus $15.95 » 07:0001/2701/27/23
The company expects full…
The company expects full year organic revenue growth of 5%-6%. The company's guidance excludes the impact of unannounced future acquisitions or divestitures. "Roper is entering 2023 with continued positive momentum. The enhanced quality of our portfolio, increased recurring revenue mix, and sustained demand for our mission critical software and product solutions serve as durable tailwinds for the enterprise. The combination of a strong organic growth outlook, contributions from our 2022 acquisitions, and significant M&A firepower positions us well for double-digit cash flow compounding," said Neil Hunn, Roper Technologies' President and CEO.
Roper Technologies reports Q4 adjusted EPS $3.92, consensus $3.77 » 06:5901/2701/27/23
Reports Q4 revenue…
Reports Q4 revenue $1.43B, consensus $1.43B. "I am delighted with the team's strategic and operational accomplishments achieved throughout 2022. During the year, we significantly improved the quality and reduced the cyclicality of our portfolio as we concluded our multi-year divestiture activities. Additionally, we deployed $4.3 billion toward acquisitions of high-quality vertical software businesses, highlighted by Frontline Education. Finally, our portfolio of niche-leading businesses drove 9% organic revenue growth, highlighted by double-digit software recurring revenue growth," said Neil Hunn, Roper Technologies' President and CEO.
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Blade Air Mobility price target lowered to $6 from $6.50 at JPMorgan » 05:2801/2601/26/23
JPMorgan analyst Bill…
JPMorgan analyst Bill Peterson lowered the firm's price target on Blade Air Mobility to $6 from $6.50 and keeps an Overweight rating on the shares. The analyst thinks institutional investor sentiment on the transportation and fuel transformation space still remains "negative / muted." Macro volatility and recessionary fears could continue to keep investor expectations muted in the near term with interest rate trajectory remaining a key lever for stock performance for unprofitable growth stocks broadly, but a recovery in the back half of the year is possible assuming interest rates stabilize, the analyst tells investors in a research note. The firm continues to prefer infrastructure enablers in hydrogen and charging over vehicle makers / component suppliers.
Arista Networks trading resumes 09:3501/2401/24/23
Arista Networks trading halted, volatility trading pause 09:3001/2401/24/23
Match Group, Bumble price targets raised at Jefferies ahead of earnings » 08:3401/2401/24/23
Jefferies analyst James…
Jefferies analyst James Heaney raised the firm's price target on Match Group (MTCH) to $65 from $60 and keeps a Buy rating on the shares and raised the firm's price target on Bumble (BMBL) to $22 from $18 while keeping a Hold rating on those shares. Match is "well positioned" for a Q4 revenue beat and the firm expects Q1 revenue guidance to come in ahead of the Street's 2% year-over-year growth forecast given easing comps. The firm, which also expects Bumble to beat Q4 revenue expectations, but worries about the achievability of its FY23 guidance, continues to favor Match.
Bumble price target raised to $25 from $17 at Loop Capital » 07:3701/2401/24/23
Loop Capital analyst…
Loop Capital analyst Laura Champine raised the firm's price target on Bumble to $25 from $17 but keeps a Hold rating on the shares as part of a broader research note, citing the firm's holiday checks across a wide range of consumer categories. Online dating remains a growth category in the U.S. and consumer appetite for subscriptions and small-ticket purchases is still "stable", the analyst tells investors in a research note. The firm maintains a neutral stance on Bumble shares given the significant risks that the economy will likely slip into recession this year, though it also sees the stock's 14% year-to-date gain as justified by its upside potential.
Netflix teams up with Bumble for 'Netflix Nights In' game, Mashable reports » 12:1301/2301/23/23
Netflix (NFLX) is teaming…
Netflix (NFLX) is teaming up with Bumble (BMBL) to launch "Netflix Nights In" on January 30, an in-app game about Netflix shows, Mashable's Anna Iovine reports. "Our recent survey found that 72 percent of respondents have talked about TV and movies on a date, so we know this category is one our members enjoy discussing on their dating journey," said Bumble's global VP of partnerships Olivia Yu. "We look forward to bringing people together to celebrate their Netflix knowledge and help them find the date they've been watching for." Reference Link